Fifth Third Bancorp Sells 815 Shares of Aptiv PLC $APTV

Fifth Third Bancorp lowered its position in Aptiv PLC (NYSE:APTV) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,608 shares of the auto parts company’s stock after selling 815 shares during the quarter. Fifth Third Bancorp’s holdings in Aptiv were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of APTV. Zions Bancorporation National Association UT bought a new position in shares of Aptiv during the 1st quarter worth approximately $26,000. 1248 Management LLC bought a new position in shares of Aptiv during the 1st quarter worth approximately $28,000. Geneos Wealth Management Inc. lifted its position in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the period. Mather Group LLC. lifted its position in shares of Aptiv by 155.2% during the 1st quarter. Mather Group LLC. now owns 633 shares of the auto parts company’s stock worth $38,000 after buying an additional 385 shares during the period. Finally, Eastern Bank bought a new position in shares of Aptiv during the 1st quarter worth approximately $39,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 0.4%

NYSE APTV opened at $85.84 on Tuesday. The stock has a fifty day moving average of $76.67 and a 200-day moving average of $67.92. The stock has a market capitalization of $18.69 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 0.96 and a beta of 1.48. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.24 and a current ratio of 1.76.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, July 31st. The auto parts company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a return on equity of 18.46% and a net margin of 5.12%.The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same period last year, the firm earned $1.58 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Aptiv has set its FY 2025 guidance at 7.300-7.600 EPS. Q3 2025 guidance at 1.600-1.800 EPS. On average, equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity at Aptiv

In related news, CAO Allan J. Brazier sold 1,000 shares of Aptiv stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief accounting officer directly owned 49,820 shares of the company’s stock, valued at $4,234,700. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

APTV has been the subject of several analyst reports. Guggenheim downgraded Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. UBS Group raised their target price on Aptiv from $66.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wall Street Zen upgraded Aptiv from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 23rd. Morgan Stanley lifted their price objective on Aptiv from $55.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. Finally, Barclays upgraded Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $85.00 to $105.00 in a research report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $85.73.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.